Sales slip: Inventories of unsold goods at the wholesale...

December 09, 1992

Sales slip: Inventories of unsold goods at the wholesale level shrank for a second straight month in October, the Commerce Department said Wednesday, while sales fell from September levels. Stocks of unsold goods were down by 0.6 percent in each of October and September, the first back-to-back drops in unsold stocks since they declined for three months in a row from March through May. Sales at the wholesale level dropped in October by 1 percent to a seasonally adjusted $149.28 billion.